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Silver Gold and Natural Gas Edged Up on Thursday –Recap August 9th

August 10, 2012

Many commodities continued to trade up on Thursday: crude oil price (WTI) nearly didn’t change while Brent oil rose again on Thursday; gold and silver also edged up; natural gas Henry Hub (September delivery) rose while spot prices remained unchanged. The Euro decreased again on Thursday. Several exchange rates including the Aussie dollar increased against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 9th, 2012:

Forex and Bullion Markets:

Gold edged up by 0.26% to $1,620.2; Silver, by 0.08% to reach $28.1. During the month, gold rose by 0.35%; silver, by 0.66%.

The Euro/USD declined by 0.48% to 1.2306; alternatively, the U.S Dollar depreciated against some other currencies such as Aussiedollar by 0.09%.

Energy Commodities:

WTI oil price edged up yesterday by 0.01% to $93.36 per barrel;

Brent oil rose again by 1.52% to $113.9 per barrel;

Following these changes, the gap between Brent and WTI increased to $20.54/bbl. During the month, WTI rose by 6.02% and Brent oil by 7.5%.

Finally, the Henry Hub future (September delivery) increased by 0.34% to $2.95/mmbtu; the Henry Hub spot remained at $2.96/mmbtu; the difference between the spot and future declined to -$0.01, backwardation.